429 W Main St - Hospitality FOR SALE
Covington, VA 24426 |
429 W Main St
Covington, VA 24426
HIGHLIGHTS
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings.
- Fee Simple Interest in the 49-Unit, Two-Story, Limited-Service Quality Inn in Covington, Virginia
- Completely Renovated in 2019-2022 with Minimal Expected Change-in-Ownership PIP
- Compact, Efficient Building with Low Property Tax Offers Above-Average Net Operating Income Margins
- 2021 RevPAR Penetration of 59% Versus the Competitive Set
- Absentee Owner | Significant Upside to Purchaser by Leveraging Recent Renovations
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Quality Inn Covington
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
24896
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1960
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C3
APN/PARCEL ID
010-01-0000-00002
